While the HCSP is not specifically addressed in the Affordable Health Care Act (ACA), the plan shares some similarities with a Health Reimbursement Arrangement (HRA). Therefore, in an abundance of caution, employers are encouraged to file a Form 1094/1095 to report months in which a retired or inactive employee had an HCSP account balance. MSRS will provide the HCSP information at the employer's request.

What employers should do

  1. You are encouraged to consult with a tax or legal professional to determine if they believe (as we do) that HCSP is minimum essential coverage for retired or terminated employees and therefore, reportable.

  2. To request a report of employees who had an HCSP balance during 2020 email payroll.support@msrs.us

For more information

Form 1094/1095 Reporting

ACA Reportings FAQs